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IL&FS to monetise 2,880 acre land parcels in Kutch

Thursday, 11 Jul 2019
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IL&FS has put its 2,800 acre non-contiguous land banks spread across seven villages in the Kutch region of Gujarat for sale. The company has invited expressions of interest (EoIs) from interested parties for selling the land parcels owned by three subsidiaries of IL&FS in the state.

The three subsidiaries -- Avash Logistic Park, Sealand Ports and Gujarat Integrated Maritime Complex -- collectively own 2,880 acre of non-contiguous landbank spread across Mota Layja, Godhra, Bayath, Undoth, Ratadiya, Nana Layja and Kathda villages in the Kutch district.

Property consultant Jones Lang LaSalle is assisting IL&FS for potential transactions. The large land parcels are connected to NH-8-A and in close proximity to the Mundra and Kandla ports. They are suitable for heavy industries, warehousing or for setting up solar/wind farms.

Apart from this, the company has also offered contiguous land parcels of 150-450 acre.

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